Azerbaijan sees 31% growth in monetary base

Azerbaijan sees 31% growth in monetary base
# 10 October 2011 11:24 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, 2011, the national currency (manat) monetary base stood AZN 7,206.5 mln, up 30.9% or 1,701.9 mln compared to previous year, told the Central Bank of Azerbaijan.

The monetary base increased by 12.7% or AZN 809.4 mln from the beginning of the current year, as well as this growth made AZN 87.2 mln or 1.2% in September.

Note that, the monetary base includes currency in circulation and reserves which commercial banks hold in their accounts with the central bank.
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